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Lead Futures Fluctuate Downward; Delivery and Warehouse Transfer Expectations Materialize, Putting Short-Term Pressure on Lead Prices [SMM Lead Morning Meeting Summary]

  • feb 17, 2025, at 8:57 am
[SMM Lead Morning Meeting Summary: SHFE Lead Fluctuates Downward, Delivery Warehouse Transfers Expected to Pressure Lead Prices in the Short Term] Ahead of the delivery of the SHFE lead 2502 contract, spot premiums/discounts slightly declined, suppliers increased transfers to delivery warehouses, and visible lead ingot inventory accumulation temporarily weighed on lead prices. Moving forward, caution is still needed regarding the risk of a short-term pullback in lead prices.
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